Iran's crude exports set to fall in October

Oil

Iran's exports of crude oil and condensate in October are expected to be a seven-month low of 1.07M b/d, Reuters reports. Crude loadings were down 12% m-o-m to around 850K b/d pressured by a lull in demand, with some refineries in Asia undergoing maintenance. Condensate exports dropped 10% from September's 2015 high but were still the second highest this year at approximately 240K b/d.